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China Watchdog Rejects Tencent-Led Game Streaming Deal Bloomberg 6 hrs ago © Bloomberg The Billion Dollar Race to Become China s Amazon Twitch (Bloomberg) Chinese regulators rejected Huya Inc.’s proposal to acquire rival DouYu International Holdings Ltd., killing a deal that would have helped cement Tencent Holdings Ltd.’s lead in video game-streaming. Popular Searches The deal wasn’t approved because it would strengthen Tencent’s dominance in China’s game streaming market, giving it an anti-competitive edge, the State Administration for Market Regulation said in a statement on Saturday. Huya and DouYu together have more than 80% of the market based on active users, they said.

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